Prokopenko Z. Accounting and internal control of insurance reserves

The thesis is devoted to the development of recommendations to improve the organization and accounting methods of insurance reserves and internal control of their formation in order to enhance the solvency of insurance company. In this study, the researcher determined the place of insurance reserves in the system of insurer's reserves taking into account their economic content, identified the insurance reserves as an object of accounting, and developed the insurance reserves classification that is the basis to build the accounting system. He further improved the organizational and methodological approach to the accounting of insurance reserves of the insurance company, in particular, he suggested the sub-accounts for accounting reflection of insurance reserves, detected the various elements of accounting policy with regard to the insurance reserves, as well as developed the methodological approach to the accounting reflection of their formation, taking into account the peculiarities of formation of the stabilization reserves. The author further offered the organizational and methodological approach to conduct the internal control of insurance reserves by determining the directions of internal control and developing the organization chart of internal control of insurance reserves.